Review the results of the cement sector for the second quarter

BQ Prime’s private research division collects quality reports and in-depth stock and economics research from all the brokerages, asset managers and research agencies in India. These reports provide BQ Prime subscribers with an opportunity to broaden their understanding of companies, sectors and the economy.

Cement companies’ profits for the second quarter of FY23 were marked by the double whammy of higher costs and weaker achievements. Thus, the overall impact on the Ebitda/Mt sector was more severe than expected.

Most coverage companies reported all-time lows Ebitda/mt. Besides our covering stock, India Cements Ltd and Sanghi Industries Ltd. For a loss at the absolute Ebitda level.

The price hike was minimal due to increased competition and the extension of monsoons in some areas, which affected profitability.

Most companies directed that costs likely peaked in the second quarter of FY23 given the recent decline in the prices of various commodities such as crude oil/coal.

However, coal/coke prices have been volatile and will be a major factor to watch in the second half of fiscal ’23.

Click on the attachment to read the full report:


This report was authored by a third party. BQ Prime does not guarantee the accuracy of its contents and is not responsible for it in any way. The contents of this section do not constitute investment advice. So you should always consult an expert based on your individual needs. The opinions expressed in the report are those of the authoring entity and do not represent the opinions of BQ Prime.

Users do not have any license to copy, modify or distribute the content without the permission of the original owner.